BOCA RATON, Fla., Nov. 3, 2016 /PRNewswire/ -- Claimride™, announces the release of its proprietary mobile application and benefit platform to the automobile insurance industry. Claimride is in discussions with a number of insurance companies to utilize its system to enhance or replace their current rental reimbursement coverage.

Policyholders will now have an alternative to traditional rental car reimbursement benefits. They will no longer have to deal with the hassle of obtaining a rental car, incur out of pocket expenses, and provide their own personal credit card.

The Claimride platform enables automobile insurance carrier's new revenue opportunities, reduction of claims cost and streamlining of the claim process.

Claimride's end to end solution includes a mobile application to facilitate ride request and manage individual benefits, digital payment process that provides virtual debit card funds, financial controls to protect coverage limits, and a claim automation system to authorize, administer and report on benefits provided.

Claimride is currently working with its first insurance company to provide its services in Florida and Texas and anticipates to be live January of 2017. New coverage forms have been filed in both states.

About Claimride™Founded in August of 2015 to be the leader in transportation benefits by providing access to all ride share providers including traditional taxi cabs creating a new offering of benefits to the insurance market. With its mobile app, digital payment process, financial controls and claim automation every insurance company can seamlessly integrate with Claimride™ to offer services for the mobile age. For more information, please visit www.claimride.com

FORWARD LOOKING STATEMENT: Some of the matters discussed in this news release contain forward-looking statements regarding the companies' future business prospects, which are subject to certain risks and uncertainties, including competitive pressures, adverse economic conditions and governmental regulations.